Business Today
Loading...

Share Market Highlights: Sensex ends at 47,353 for first time, Nifty at 13,873; SBI, Titan, L&T top gainers

December 28,2020 15:51 IST

Sensex, Nifty Highlights on December 28: Market indices touched new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Here's a look at the updates of the market action on BSE and NSE today

Check Latest Updates

KEY UPDATES

  • India Stock Market News Updates Today: During today's session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885
  • Dec 28, 2020 15:51 (IST)

    Closing

    Market indices ended at new record highs on Monday, tracking gains in index majors, amid positive cues from global equities. Sensex ended 380 points higher at 47,353 and Nifty gained by 123 points to close at 13,873. During today's session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885

     

  • 15:51 IST: Market indices ended at new record highs on Monday, tracking gains in index majors, amid positive cues from global equities. Sensex ended 380 points higher at 47,353 and Nifty gained by 123 points to close at 13,873. During today's session, Sensex has hit an all-time high of 47,406 and Nifty logged a lifetime high of 13,885

     

  • Dec 28, 2020 15:47 (IST)

    Share market holidays in 2021

    Stock Market holidays calendar: 2020 is drawing to an end and people have started making plans for upcoming holidays. Like professionals in every other field, stock market professionals also have holidays. Markets are closed on some days for traders every year on national or state holidays.

    In case, you are a new trader, you need to be abreast with the BSE Holiday calendar. Take a look at the share market holidays in the year 2021. The list of BSE holidays, however, is subject to changes, for which the bourse will notify the traders in advance.

    Share market holidays in 2021: BSE, NSE will be shut on these days

  • 15:47 IST: Stock Market holidays calendar: 2020 is drawing to an end and people have started making plans for upcoming holidays. Like professionals in every other field, stock market professionals also have holidays. Markets are closed on some days for traders every year on national or state holidays.

    In case, you are a new trader, you need to be abreast with the BSE Holiday calendar. Take a look at the share market holidays in the year 2021. The list of BSE holidays, however, is subject to changes, for which the bourse will notify the traders in advance.

    Share market holidays in 2021: BSE, NSE will be shut on these days

  • Dec 28, 2020 15:40 (IST)

    Nifty technical outlook

     Ashis Biswas, Head of Technical Research at CapitalVia Global Research Limited- Investment Advisor said," The market witnessed a lackluster movement and lack of momentum. It stayed in the range between the level of 13800-13880. 13750-13780 would be a support zone. As the market has sustained over the crucial level of 13750, we can expect the volatility to expand, which could lead to an upside projection till the levels of 13990. The momentum indicators like RSI, MACD indicating a positive outlook to continue and market breadth to improve further."


     

  • 15:40 IST:  Ashis Biswas, Head of Technical Research at CapitalVia Global Research Limited- Investment Advisor said," The market witnessed a lackluster movement and lack of momentum. It stayed in the range between the level of 13800-13880. 13750-13780 would be a support zone. As the market has sustained over the crucial level of 13750, we can expect the volatility to expand, which could lead to an upside projection till the levels of 13990. The momentum indicators like RSI, MACD indicating a positive outlook to continue and market breadth to improve further."


     

  • Dec 28, 2020 15:38 (IST)

    Nifty technical view



    Rohit Singre, Senior Technical Analyst at LKP Securities said,"Index managed to hold its bullish stream and managed to close a day on a positive note for the fourth consecutive session. The index has decisively crossed 13800 zone which was a good hurdle and managed to close above the same hinting fresh doors are open for 14k mark on the higher side if managed to hold above 13800 zone, good support for the index is still placed at 13820-13770 zone and resistance is coming near 13900-14000 zone"
     

  • 15:38 IST:

    Rohit Singre, Senior Technical Analyst at LKP Securities said,"Index managed to hold its bullish stream and managed to close a day on a positive note for the fourth consecutive session. The index has decisively crossed 13800 zone which was a good hurdle and managed to close above the same hinting fresh doors are open for 14k mark on the higher side if managed to hold above 13800 zone, good support for the index is still placed at 13820-13770 zone and resistance is coming near 13900-14000 zone"
     

  • Dec 28, 2020 15:25 (IST)

    LT Food ties up with Jumbo Netherlands supermarket



    Amarjeet Maurya - AVP - Mid Caps, Angel Broking said," The company’s Daawat Basmati Rice range is now available at Jumbo, the Netherlands supermarket chain across all 660 stores in Netherlands. Jumbo has stores in Netherlands & Belgium and commands a ~21% market in Netherlands alone. In our view, this move will boost growth for the company going ahead. Further, partnership with Jumbo will strengthen our presence in the consumer segment in Europe. We are positive on this development for a long-term perspective."
     

  • 15:25 IST:

    Amarjeet Maurya - AVP - Mid Caps, Angel Broking said," The company’s Daawat Basmati Rice range is now available at Jumbo, the Netherlands supermarket chain across all 660 stores in Netherlands. Jumbo has stores in Netherlands & Belgium and commands a ~21% market in Netherlands alone. In our view, this move will boost growth for the company going ahead. Further, partnership with Jumbo will strengthen our presence in the consumer segment in Europe. We are positive on this development for a long-term perspective."
     

  • Dec 28, 2020 15:20 (IST)

    Dixon Technologies India outlook- event update




    Amarjeet Maurya - AVP - Mid Caps, Angel Broking said," Dixon Technologies (India) Ltd is the largest homegrown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smartphones markets in India. Dixon's wholly-owned subsidiary- Padget Electronics has signed an agreement with Motorola for manufacturing of smartphones. Currently, the Mobile segment contributes more than 10% of total revenue. This development is positive for the company, which would boost the revenue growth in the mobile segment going ahead."

     

  • 15:20 IST:


    Amarjeet Maurya - AVP - Mid Caps, Angel Broking said," Dixon Technologies (India) Ltd is the largest homegrown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smartphones markets in India. Dixon's wholly-owned subsidiary- Padget Electronics has signed an agreement with Motorola for manufacturing of smartphones. Currently, the Mobile segment contributes more than 10% of total revenue. This development is positive for the company, which would boost the revenue growth in the mobile segment going ahead."

     

  • Dec 28, 2020 15:16 (IST)

    PSU stock valuation and outlook



    JM Financial Institutional Securities said," Our analysis highlights a disconnect between PSU valuations and operational performance both vis-à-vis historical averages and the broader market.

    This is despite PSUs' profitability and RoE/RoCE matrix not seeing a similar decline. Hence, the BSEPSU Index dividend yield continues to be significantly higher at ~3.8% while the BSE 500 Index dividend yield has declined to 1.2%. We see concerns on PSU earnings abating with gradual economic recovery after Covid threat passes. We also expect a reversal of PSU de-ratings seen in the last few years due to govt plan to avoid frequent stake sales and instead focus on strategic disinvestment and align management incentives to boost profitability and valuations. We find value in PSUs such as GAIL, HPCL, BPCL and NTPC, where fundamentals are improving. We also like ONGC/Oil India as tactical BUYs on rising crude prices. Within financials, we like SBI given that its incremental NPL formation is likely to be manageable and that subsidiaries continue to be large value creators; thus, core bank remains undervalued."

     

  • 15:16 IST:

    JM Financial Institutional Securities said," Our analysis highlights a disconnect between PSU valuations and operational performance both vis-à-vis historical averages and the broader market.

    This is despite PSUs' profitability and RoE/RoCE matrix not seeing a similar decline. Hence, the BSEPSU Index dividend yield continues to be significantly higher at ~3.8% while the BSE 500 Index dividend yield has declined to 1.2%. We see concerns on PSU earnings abating with gradual economic recovery after Covid threat passes. We also expect a reversal of PSU de-ratings seen in the last few years due to govt plan to avoid frequent stake sales and instead focus on strategic disinvestment and align management incentives to boost profitability and valuations. We find value in PSUs such as GAIL, HPCL, BPCL and NTPC, where fundamentals are improving. We also like ONGC/Oil India as tactical BUYs on rising crude prices. Within financials, we like SBI given that its incremental NPL formation is likely to be manageable and that subsidiaries continue to be large value creators; thus, core bank remains undervalued."

     

  • Dec 28, 2020 15:00 (IST)

    YES Bank share gains over 3% today



    YES Bank shares were trading 3% higher on Monday morning after the brokerage firm Edelweiss Securities said it believes that YES Bank among other listed companies may be reclassified as large-cap stocks in the semi-annual Association of Mutual Funds in India (AMFI) review later next month.


    Edelweiss believes that along with Yes Bank, Gland Pharma, Jubilant FoodWorks, Adani Enterprises, PI Industries, Hindustan Aero that belong in the mid-cap category currently, will move from midcap to the large-cap category in the new list of large, mid, and small-caps by AMFI. 

    "The final/official list of Large, Mid and Small caps will be released by AMFI by 1st week of Jan-21, which will be effective for the Feb-21 to Jul-21 period. Indian Mutual funds will have to re-align the schemes within one month," the report said.

    The list is expected to release in the first week of January 2021, which will be effective for the February-to-July 2021 period.

    YES Bank share rises over 3%, here's why

  • 15:00 IST:

    YES Bank shares were trading 3% higher on Monday morning after the brokerage firm Edelweiss Securities said it believes that YES Bank among other listed companies may be reclassified as large-cap stocks in the semi-annual Association of Mutual Funds in India (AMFI) review later next month.


    Edelweiss believes that along with Yes Bank, Gland Pharma, Jubilant FoodWorks, Adani Enterprises, PI Industries, Hindustan Aero that belong in the mid-cap category currently, will move from midcap to the large-cap category in the new list of large, mid, and small-caps by AMFI. 

    "The final/official list of Large, Mid and Small caps will be released by AMFI by 1st week of Jan-21, which will be effective for the Feb-21 to Jul-21 period. Indian Mutual funds will have to re-align the schemes within one month," the report said.

    The list is expected to release in the first week of January 2021, which will be effective for the February-to-July 2021 period.

    YES Bank share rises over 3%, here's why

  • Dec 28, 2020 14:55 (IST)

    Market outlook

    Vinod Nair, Head of Research at Geojit Financial Services said," The strain of new COVID-19 virus did trigger volatility in the world equity market but recovered well assuming lower risk in the future and start of vaccination. The next set of stimulus announced in the U.S too helped the market though it was smaller than anticipated and believed as largely factored in the market, which is visible from the muted performance of US market during the week. Strong gains were witnessed in IT & Pharma sector on hopes of better demand due to and post-Covid. For the week ahead, concerns regarding the fresh case of the virus will remain in the limelight along with development on Brexit deal.  Investors should stay focused on quality sectors & counters and also watch at the trend of FII inflows, which is the main factor of the recent rally, no eventful data and announcements are expected next week."

     

  • 14:55 IST: Vinod Nair, Head of Research at Geojit Financial Services said," The strain of new COVID-19 virus did trigger volatility in the world equity market but recovered well assuming lower risk in the future and start of vaccination. The next set of stimulus announced in the U.S too helped the market though it was smaller than anticipated and believed as largely factored in the market, which is visible from the muted performance of US market during the week. Strong gains were witnessed in IT & Pharma sector on hopes of better demand due to and post-Covid. For the week ahead, concerns regarding the fresh case of the virus will remain in the limelight along with development on Brexit deal.  Investors should stay focused on quality sectors & counters and also watch at the trend of FII inflows, which is the main factor of the recent rally, no eventful data and announcements are expected next week."

     

  • Dec 28, 2020 14:40 (IST)

    InterGlobe Aviation outlook



    Reliance Research said in its note,"The stock recorded new 52-week high of Rs1,787 post our recommendation. Later the stock has witnessed high volatility, where the stock recovered after surviving its closing based stoploss of Rs1,440. Its RSI slipped below 50-mark after three and half month and currently, negatively poised. Hence, its advised to close the long trade at current juncture (Rs1,647.2)."

     

  • 14:40 IST:

    Reliance Research said in its note,"The stock recorded new 52-week high of Rs1,787 post our recommendation. Later the stock has witnessed high volatility, where the stock recovered after surviving its closing based stoploss of Rs1,440. Its RSI slipped below 50-mark after three and half month and currently, negatively poised. Hence, its advised to close the long trade at current juncture (Rs1,647.2)."

     

  • Dec 28, 2020 14:34 (IST)

    NIIT stock up 2% today

    Mr. Yash Gupta Equity Research Associate, Angel Broking said,"NIIT ltd stock was up by 207.75 on back announcement of buyback of 237 Crores. The company has informed that the Board of Directors of the Company at its meeting held on December 24, 2020, has inter-alia approved a proposal for buyback of up to 9,875,000 fully paid-up equity shares of the Company of face value Rs. 2 each, being approximately 6.9% of the total issued and paid up equity share capital of the company for an aggregate amount not exceeding Rs. 237 crore . The company has fixed the buyback price of 240 per equity share. The Buyback is subject to the approval of the shareholders by passing a special resolution through postal ballot. We expect a lower acceptance ratio for retail shareholders in this buyback as the promoter group holds 34.2%, Foreign investor holds 23.8% and individual shareholder holds 21.8%.

  • 14:34 IST: Mr. Yash Gupta Equity Research Associate, Angel Broking said,"NIIT ltd stock was up by 207.75 on back announcement of buyback of 237 Crores. The company has informed that the Board of Directors of the Company at its meeting held on December 24, 2020, has inter-alia approved a proposal for buyback of up to 9,875,000 fully paid-up equity shares of the Company of face value Rs. 2 each, being approximately 6.9% of the total issued and paid up equity share capital of the company for an aggregate amount not exceeding Rs. 237 crore . The company has fixed the buyback price of 240 per equity share. The Buyback is subject to the approval of the shareholders by passing a special resolution through postal ballot. We expect a lower acceptance ratio for retail shareholders in this buyback as the promoter group holds 34.2%, Foreign investor holds 23.8% and individual shareholder holds 21.8%.

  • Dec 28, 2020 14:32 (IST)

    Tata Motors share price rises 4%

    Tata Motors stock rose over 4% today after global research firm CLSA maintained a buy call on the stock with a target price of Rs 220 per share. Share price of Tata Motors gained up to 4.57% to Rs 183.95 against previous close of Rs 175.90 on BSE.  Market cap of the firm rose to Rs 56,636 crore.

    At 12:30 pm, the share was trading 4.24% higher at Rs 183.40. The stock has gained 11.55% in the last 4 days. The stock opened with a gain of 2.33% at Rs 179.85 on BSE.

    Tata Motors share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 4.15% in one year and lost 1% since the beginning of this year.The brokerage said the EU-UK 'Deal' removes key overhang. EU-UK agreement allows free trade of goods which removes a potential risk for JLR.

    Tata Motors share price rises 4% as CLSA maintains buy call

  • 14:32 IST: Tata Motors stock rose over 4% today after global research firm CLSA maintained a buy call on the stock with a target price of Rs 220 per share. Share price of Tata Motors gained up to 4.57% to Rs 183.95 against previous close of Rs 175.90 on BSE.  Market cap of the firm rose to Rs 56,636 crore.

    At 12:30 pm, the share was trading 4.24% higher at Rs 183.40. The stock has gained 11.55% in the last 4 days. The stock opened with a gain of 2.33% at Rs 179.85 on BSE.

    Tata Motors share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 4.15% in one year and lost 1% since the beginning of this year.The brokerage said the EU-UK 'Deal' removes key overhang. EU-UK agreement allows free trade of goods which removes a potential risk for JLR.

    Tata Motors share price rises 4% as CLSA maintains buy call

  • Dec 28, 2020 14:00 (IST)

    Shriram Transport Finance Corporation outlook



    Jyoti Roy - DVP- Equity Strategist, Angel Broking said, "We recommend a buy on Shriram Transport Finance Corporation (STFC) with a target of Rs. 1199 given the company's leadership position in the used CV financing which accounted for 86.5% of the company's AUM as of Q2FY21. The company is also engaged in lines of business including new CV financing which accounts for the balance 14.5% of the company's AUM. The company has posted a decent set of numbers for Q2FY21 with improvement in asset quality as gross stage 3 loans declined by 72bps QoQ to 7.26% without taking into account the asset classification benefits allowed by the Supreme Court order. STFC has reported collection efficiency of 95% for September which while restructuring is also likely to be less than 3% as per management estimates. The management has highlighted that disbursements will pick up in the second half of FY21 and has guided for strong AUM growth for FY2021. There are also signs of upturn in the CV cycle which bodes well for the company. At current levels the stock is trading at 1.2xFY22E ABVPS which is at a discount to historical averages.

     

  • 14:00 IST:

    Jyoti Roy - DVP- Equity Strategist, Angel Broking said, "We recommend a buy on Shriram Transport Finance Corporation (STFC) with a target of Rs. 1199 given the company's leadership position in the used CV financing which accounted for 86.5% of the company's AUM as of Q2FY21. The company is also engaged in lines of business including new CV financing which accounts for the balance 14.5% of the company's AUM. The company has posted a decent set of numbers for Q2FY21 with improvement in asset quality as gross stage 3 loans declined by 72bps QoQ to 7.26% without taking into account the asset classification benefits allowed by the Supreme Court order. STFC has reported collection efficiency of 95% for September which while restructuring is also likely to be less than 3% as per management estimates. The management has highlighted that disbursements will pick up in the second half of FY21 and has guided for strong AUM growth for FY2021. There are also signs of upturn in the CV cycle which bodes well for the company. At current levels the stock is trading at 1.2xFY22E ABVPS which is at a discount to historical averages.

     

  • Dec 28, 2020 13:50 (IST)

    What charges, taxes must you pay to invest in global stocks?

    As the hoopla around US stock investment is growing, traditional and discount brokerages alike have started offering international stock investment options. Domestic brokerages are tying up with US-based broking firms such as Vested Finance, Stockal and Interactive Brokers to facilitate investment in US stocks. But, before you go ahead, taking note of all charges and taxes becomes imperative. Factoring in bank charges, conversion rate and taxes, the real rate of return on your overall investments may not be as attractive as it appears on the paper.

    "Currently, global investment doesn't make much sense for smaller investors who want to invest around Rs 50,000. You pay remittance charges of Rs 700 to Rs 1500 (on each side - deposits and withdrawal), and a forex conversion mark-up of about 2-3 per cent on both sides. It means, even before you make an investment, you will have incurred an expense of Rs 6-8 per cent. This only makes sense for HNIs who tend to have higher ticket sizes," says Somnath Mukherjee, AVP - Business, Zerodha.

    What charges, taxes must you pay to invest in global stocks?

  • 13:50 IST: As the hoopla around US stock investment is growing, traditional and discount brokerages alike have started offering international stock investment options. Domestic brokerages are tying up with US-based broking firms such as Vested Finance, Stockal and Interactive Brokers to facilitate investment in US stocks. But, before you go ahead, taking note of all charges and taxes becomes imperative. Factoring in bank charges, conversion rate and taxes, the real rate of return on your overall investments may not be as attractive as it appears on the paper.

    "Currently, global investment doesn't make much sense for smaller investors who want to invest around Rs 50,000. You pay remittance charges of Rs 700 to Rs 1500 (on each side - deposits and withdrawal), and a forex conversion mark-up of about 2-3 per cent on both sides. It means, even before you make an investment, you will have incurred an expense of Rs 6-8 per cent. This only makes sense for HNIs who tend to have higher ticket sizes," says Somnath Mukherjee, AVP - Business, Zerodha.

    What charges, taxes must you pay to invest in global stocks?

  • Dec 28, 2020 13:43 (IST)

    Market hits new high

     During today's session, Sensex has hit an all-time high of 47,362 and Nifty logged a lifetime high of 13,865

  • 13:43 IST:  During today's session, Sensex has hit an all-time high of 47,362 and Nifty logged a lifetime high of 13,865

  • Dec 28, 2020 13:41 (IST)

    Telecom Industry outlook




    Keshav Lahoti- Associate Equity Analyst, Angel Broking said,"Consecutively for the third month, Bharti Airtel gained the most subscribers, in the month of October the company added  36.7 lakhs subscribers. Vodafone Idea continues to lose subscribers, the company's subscriber base reduced by 26.6 lakhs for the month. Reliance Jio pace of subscriber addition has slowed down. Jio added 22.3 lakhs subscribers for the month. For the upcoming months, we expect Jio and Airtel to keep on adding subscribers and gain market share. On the hand, Vodafone Idea will continue to lose subscribers leading to reduction in the market share for the company. The way Bharti Airtel is placed in the industry dynamics, we are bullish on the company, as we believe Bharti Airtel ARPU as well as subscribers base will keep on improving."

     

  • 13:41 IST:


    Keshav Lahoti- Associate Equity Analyst, Angel Broking said,"Consecutively for the third month, Bharti Airtel gained the most subscribers, in the month of October the company added  36.7 lakhs subscribers. Vodafone Idea continues to lose subscribers, the company's subscriber base reduced by 26.6 lakhs for the month. Reliance Jio pace of subscriber addition has slowed down. Jio added 22.3 lakhs subscribers for the month. For the upcoming months, we expect Jio and Airtel to keep on adding subscribers and gain market share. On the hand, Vodafone Idea will continue to lose subscribers leading to reduction in the market share for the company. The way Bharti Airtel is placed in the industry dynamics, we are bullish on the company, as we believe Bharti Airtel ARPU as well as subscribers base will keep on improving."

     

  • Dec 28, 2020 13:29 (IST)

    Real Estate sector overview



    Ashish Bhutani, MD, Bhutani Infra said, "2020 has been a great year of realization and learning for the commercial real estate players. Public spaces such as office complexes, malls, retail centers were never designed keeping in mind the distancing and ample space for smooth movement of the visitors.

    There cannot be a better location than Noida, with the upcoming ambitious developments such as Jewar International Airport & Film City; the city has become the hotbed for investment. Many multinational corporations and industrial units have shifted their base from China and moved to Noida and Greater Noida region, the State Government is making sure to herald a new wave of development for this region, which will be creating job opportunities, accelerating growth output by multi-fold in the coming years.

    2021 looks great for commercial real estate as good numbers of NRIs are willing to invest in India. Ease in FDI norms, transparency of RERA, tech-driven tools for real estate have made the process more welcoming. We look forward to getting a good number of investors on board, apart from the ones we are already associated with. As India treads its path to become Self-Reliant, commercial real estate will play a major role in spiraling this growth to new levels."

  • 13:29 IST:

    Ashish Bhutani, MD, Bhutani Infra said, "2020 has been a great year of realization and learning for the commercial real estate players. Public spaces such as office complexes, malls, retail centers were never designed keeping in mind the distancing and ample space for smooth movement of the visitors.

    There cannot be a better location than Noida, with the upcoming ambitious developments such as Jewar International Airport & Film City; the city has become the hotbed for investment. Many multinational corporations and industrial units have shifted their base from China and moved to Noida and Greater Noida region, the State Government is making sure to herald a new wave of development for this region, which will be creating job opportunities, accelerating growth output by multi-fold in the coming years.

    2021 looks great for commercial real estate as good numbers of NRIs are willing to invest in India. Ease in FDI norms, transparency of RERA, tech-driven tools for real estate have made the process more welcoming. We look forward to getting a good number of investors on board, apart from the ones we are already associated with. As India treads its path to become Self-Reliant, commercial real estate will play a major role in spiraling this growth to new levels."

  • Dec 28, 2020 13:14 (IST)

    Antony Waste Handling Cell: Allotment of shares today




    The allotment status of Rs 300 crore initial public offer (IPO) of Antony Waste Handling Cell that closed last week, will be announced today, on December 28. The shares of the company are expected to list on bourses on January 1. The equity shares are proposed to be listed on BSE and NSE.

    Price band for the IPO of the India's second-largest municipal solid waste management (MSW) firm, was fixed at Rs 313-315 per share.

    Meanwhile, the initial public offering (IPO) of Antony Waste Handling Cell  share sale ended on December 23 received decent response as the issue was subscribed 14.87 times.

    Antony Waste Handling IPO: Allotment on December 29, here's how to check status

     

  • 13:14 IST:


    The allotment status of Rs 300 crore initial public offer (IPO) of Antony Waste Handling Cell that closed last week, will be announced today, on December 28. The shares of the company are expected to list on bourses on January 1. The equity shares are proposed to be listed on BSE and NSE.

    Price band for the IPO of the India's second-largest municipal solid waste management (MSW) firm, was fixed at Rs 313-315 per share.

    Meanwhile, the initial public offering (IPO) of Antony Waste Handling Cell  share sale ended on December 23 received decent response as the issue was subscribed 14.87 times.

    Antony Waste Handling IPO: Allotment on December 29, here's how to check status

     

  • Dec 28, 2020 13:04 (IST)

    Market outlook: weekly support at 13550-13600

    On markets opening --Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said, "We have opened on a boisterous note and should be headed to 13950-14000 levels soon. This could be as early as this week. The weekly support is at 13550-13600 and any dip towards those levels becomes a good buying opportunity for higher targets."



     

  • 13:04 IST: On markets opening --Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments said, "We have opened on a boisterous note and should be headed to 13950-14000 levels soon. This could be as early as this week. The weekly support is at 13550-13600 and any dip towards those levels becomes a good buying opportunity for higher targets."



     

  • Dec 28, 2020 12:55 (IST)

    Market outlook


     Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said,"The market appears to be back on "Buy on dips mode" aided by sustained FII buying. An important trend is the increasing strength of financials, particularly private sector banking stocks. Data and indications from top bankers suggest that the banking sector is reviving quicker than expected. NPAs in the banking system is likely to be much lower than initially feared. This explains the rising delivery based buying in frontline banking stocks. The market is all set to scale another record high"

  • 12:55 IST:
     Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said,"The market appears to be back on "Buy on dips mode" aided by sustained FII buying. An important trend is the increasing strength of financials, particularly private sector banking stocks. Data and indications from top bankers suggest that the banking sector is reviving quicker than expected. NPAs in the banking system is likely to be much lower than initially feared. This explains the rising delivery based buying in frontline banking stocks. The market is all set to scale another record high"

  • Dec 28, 2020 12:31 (IST)

    Market technical outlook: positive yet cautious approach

    Ajit Mishra, VP - Research, Religare Broking said,"We expect volatility to remain high in the final week of the calendar year due to the scheduled expiry of December month derivatives contracts. Besides, participants will be eyeing macroeconomic data of core sector growth. With the beginning of the new month, the auto sales data will also be in focus.


    Though the benchmark has recovered, sustainability would be the key concern ahead. As per the prevailing chart pattern, a decisive breakout above 13,800 in Nifty would help the index to inch toward the upper band of 14,200 ahead. In case of any profit-taking, 13600-13,300 would act as a support zone. We're closing mirroring the global markets and expect the same to continue in the coming week too. Amid all, we suggest maintaining a positive yet cautious approach and aligning positions as per the market trend."


     

  • 12:31 IST: Ajit Mishra, VP - Research, Religare Broking said,"We expect volatility to remain high in the final week of the calendar year due to the scheduled expiry of December month derivatives contracts. Besides, participants will be eyeing macroeconomic data of core sector growth. With the beginning of the new month, the auto sales data will also be in focus.


    Though the benchmark has recovered, sustainability would be the key concern ahead. As per the prevailing chart pattern, a decisive breakout above 13,800 in Nifty would help the index to inch toward the upper band of 14,200 ahead. In case of any profit-taking, 13600-13,300 would act as a support zone. We're closing mirroring the global markets and expect the same to continue in the coming week too. Amid all, we suggest maintaining a positive yet cautious approach and aligning positions as per the market trend."


     

  • Dec 28, 2020 12:23 (IST)

    Paisalo Digital share rises 20%

    Paisalo Digital stock rose 20 per cent in early trade today after  SBI Life Insurance Company bought a 9 per cent stake in the  non-banking finance company via open market. Share of Paisalo Digital gained 20% to 52-week high of Rs 625.55 against previous close of Rs 520.60  on BSE. The share has gained 24.85% in the last 3 days.

    Paisalo Digital share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 36.68% in one year and risen 41.35% since the beginning of this year. In one month, the share has gained 60.1%.  The stock has risen 23.2% in one week.

    Why Paisalo Digital share rose 20% in early trade

  • 12:23 IST: Paisalo Digital stock rose 20 per cent in early trade today after  SBI Life Insurance Company bought a 9 per cent stake in the  non-banking finance company via open market. Share of Paisalo Digital gained 20% to 52-week high of Rs 625.55 against previous close of Rs 520.60  on BSE. The share has gained 24.85% in the last 3 days.

    Paisalo Digital share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 36.68% in one year and risen 41.35% since the beginning of this year. In one month, the share has gained 60.1%.  The stock has risen 23.2% in one week.

    Why Paisalo Digital share rose 20% in early trade

  • Dec 28, 2020 12:13 (IST)

    Rupee rises 4 paise to 73.51

    Indian rupee, the domestic currency appreciated by 4 paise to 73.51 per US dollar on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment. Weakness of the American currency in the overseas market also supported the domestic unit.

    The domestic unit opened at 73.52 against the US dollar at the interbank forex market, and rose 4 paise higher to 73.51 against the greenback, over its previous close.

    Rupee rises 4 paise to 73.51 amid weak US dollar, positive equities

  • 12:13 IST: Indian rupee, the domestic currency appreciated by 4 paise to 73.51 per US dollar on Monday as sustained foreign fund inflows and strong domestic equities strengthened investor sentiment. Weakness of the American currency in the overseas market also supported the domestic unit.

    The domestic unit opened at 73.52 against the US dollar at the interbank forex market, and rose 4 paise higher to 73.51 against the greenback, over its previous close.

    Rupee rises 4 paise to 73.51 amid weak US dollar, positive equities

  • Dec 28, 2020 12:12 (IST)

    Sovereign Gold Bond scheme to open today

    The latest installment of the government-run Sovereign Gold Bonds (SGBs) 2020-21- Series IX- will open for subscription today. The last date for subscription is January 1, 2021, with January 5 as the settlement date. The issue price for the next series of sovereign gold bonds is fixed at Rs 5,000 per gram, the Reserve Bank of India said in a statement on Thursday.

    Sovereign Gold Bond 2020-21 is issued by the Reserve Bank India on behalf of the Government of India.

    Sovereign Gold Bond scheme to open today: 10 things to know

  • 12:12 IST: The latest installment of the government-run Sovereign Gold Bonds (SGBs) 2020-21- Series IX- will open for subscription today. The last date for subscription is January 1, 2021, with January 5 as the settlement date. The issue price for the next series of sovereign gold bonds is fixed at Rs 5,000 per gram, the Reserve Bank of India said in a statement on Thursday.

    Sovereign Gold Bond 2020-21 is issued by the Reserve Bank India on behalf of the Government of India.

    Sovereign Gold Bond scheme to open today: 10 things to know

  • Dec 28, 2020 11:31 (IST)

    Gold outlook: BUY at Rs 50300



    Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking said,"Last week, Spot Gold prices dipped by 0.7 percent as a stronger Dollar and the recent development over the Brexit deal pressurized God prices. However, the downfall was limited as worsening of the global economic scenario and rising bets on additional stimulus infusion by U.S limited the losses for Gold. Despite of President Donald Trump’s threat of not signing the long awaited virus-relief spending package, markets continued to expect for a stimulus deal which underpinned the yellow metal prices. Inflations risk and a low interest rate environment has kept Gold prices elevated in 2020 as it is considered as a hedge. Increasing number of infected cases and concerns over the new strain of the COVID-19 virus detected in UK dampened the global economic outlook.


    As for today traders can go for BUY in gold at Rs 50300 levels with the stop loss of Rs 50000 levels for the target   of 51000 levels. They can also go for BUY  in Silver at Rs 69000 levels, with the stop loss of 66800 levels and for the target of 70500 levels. We expect gold may test $1920 levels and silver may test $28 levels soon."

  • 11:31 IST:

    Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking said,"Last week, Spot Gold prices dipped by 0.7 percent as a stronger Dollar and the recent development over the Brexit deal pressurized God prices. However, the downfall was limited as worsening of the global economic scenario and rising bets on additional stimulus infusion by U.S limited the losses for Gold. Despite of President Donald Trump’s threat of not signing the long awaited virus-relief spending package, markets continued to expect for a stimulus deal which underpinned the yellow metal prices. Inflations risk and a low interest rate environment has kept Gold prices elevated in 2020 as it is considered as a hedge. Increasing number of infected cases and concerns over the new strain of the COVID-19 virus detected in UK dampened the global economic outlook.


    As for today traders can go for BUY in gold at Rs 50300 levels with the stop loss of Rs 50000 levels for the target   of 51000 levels. They can also go for BUY  in Silver at Rs 69000 levels, with the stop loss of 66800 levels and for the target of 70500 levels. We expect gold may test $1920 levels and silver may test $28 levels soon."

  • Dec 28, 2020 11:28 (IST)

    Wipro's outlook on Rs. 9500 crore buyback

    Jyoti Roy - DVP- Equity Strategist, Angel Broking said," Wipro Ltd. 's Rs. 9500 crore buyback will open from at Rs. 400 per share will open from the 29th of December.  Acceptance ratio in the retail segment is expected to be reasonably high given lower retail holdings in the stock. Therefore, investors with a short term investment horizon can tender their share in the buyback given the fact that there would be no tax liability in the investor tendering their shares in the buyback. However, we would recommend investors with a long term investment horizon of greater than one year to hold on to the stock given strong demand growth expected for IT services due to increased adoption of digital technologies. Moreover, the company has been revamping its business model under the new management which is expected to bear fruits over the next couple of years and help the company achieve industry average growth rates."

  • 11:28 IST: Jyoti Roy - DVP- Equity Strategist, Angel Broking said," Wipro Ltd. 's Rs. 9500 crore buyback will open from at Rs. 400 per share will open from the 29th of December.  Acceptance ratio in the retail segment is expected to be reasonably high given lower retail holdings in the stock. Therefore, investors with a short term investment horizon can tender their share in the buyback given the fact that there would be no tax liability in the investor tendering their shares in the buyback. However, we would recommend investors with a long term investment horizon of greater than one year to hold on to the stock given strong demand growth expected for IT services due to increased adoption of digital technologies. Moreover, the company has been revamping its business model under the new management which is expected to bear fruits over the next couple of years and help the company achieve industry average growth rates."

  • Dec 28, 2020 11:01 (IST)

    Global markets at record high

    Global equities were trading at record highs on Monday after President Donald Trump signed a 900 billion Covid-19 induced economic aid package and as traders returned to work following a three-day Christmas weekend. Investors were also encouraged by the development of coronavirus vaccines. Although news of discovery of the new, more contagious variant kept sentiments cautious.

  • 11:01 IST: Global equities were trading at record highs on Monday after President Donald Trump signed a 900 billion Covid-19 induced economic aid package and as traders returned to work following a three-day Christmas weekend. Investors were also encouraged by the development of coronavirus vaccines. Although news of discovery of the new, more contagious variant kept sentiments cautious.

  • Dec 28, 2020 10:52 (IST)

    Stocks in news today



    Stocks to watch today on December 28: RIL, PNB, DLF, Lupin, Coal India, Vedanta among others are the top stocks to watch out for in Monday's trading session

    Stocks in the news: RIL, PNB, DLF, Lupin, Coal India, Vedanta

  • 10:52 IST:

    Stocks to watch today on December 28: RIL, PNB, DLF, Lupin, Coal India, Vedanta among others are the top stocks to watch out for in Monday's trading session

    Stocks in the news: RIL, PNB, DLF, Lupin, Coal India, Vedanta

  • Dec 28, 2020 10:41 (IST)

    Nifty technical outlook: Index to hit 14,900 in 2021

    Reliance Research said in its note,"The year 2020 was unprecedented, as the outbreak of COVID-19 has shaken the world. The series of lockdowns and economic restrictions across the globe have badly impacted the business activities impeding the economic growth of all nations. Whilst the global economy was severely impacted during 1HCY20, huge fiscal stimulus announced by the respective countries and prudent monetary measures undertaken by the central bankers enabled the world economies to rebound in 3QCY20, which extended support to equity markets across the world. Therefore, it can be rightly said that both bull and bear phase were witnessed in 2020, that too in a short span of time.   

    Despite tumbling in Mar'20 to a low of 7,511 following COVID-19 led lockdowns, the benchmark Nifty recovered sharply and ending the year with a gain of ~11%. While huge fiscal stimulus announced by the USA and European countries resulted in liquidity sloshing to domestic equities, a record fiscal and monetary support announced by the Government of India and the RBI (~14.6% of GDP) supported the rally. Notably, the FPIs invested ~US$24bn in Indian equities in 2020, which is the highest ever at least in last 20 calendar years.  

    Domestic equities continue to remain buoyant with most key economic indicators showing decent rebound mainly supported by huge stimulus support by the government and sharp recovery in corporate earnings in 2QFY21 (BSE500 earnings improved by ~36%) along with positive outlook shared by most managements. Further, possibility of additional global liquidity to chase the emerging economies including India is also keeping sentiment positive. Further, given depressed real interest scenario, equities will continue to remain as attractive investment options for all categories of investors, in our view. However, the market seems to be ignoring burden on government's book and resultant impact on corporate earnings in the longer run.  As per our analysis, fiscal deficit for FY21 is likely to be ~6.1% – the highest in a decade – that could impede the sustainability of strong earnings recovery, which may start ebbing from 2HFY22E onwards.

    We expect Nifty earnings to grow by 4%, 39% and 20% in FY21E, FY22E and FY23E, respectively. At CMP, Nifty is trading at 20x FY22E earnings, which is ~13% premium to its historical valuation. Thus, assigning 10% premium over its historical P/E valuation, our target for Nifty arrives at 14,900 in 2021."

  • 10:41 IST: Reliance Research said in its note,"The year 2020 was unprecedented, as the outbreak of COVID-19 has shaken the world. The series of lockdowns and economic restrictions across the globe have badly impacted the business activities impeding the economic growth of all nations. Whilst the global economy was severely impacted during 1HCY20, huge fiscal stimulus announced by the respective countries and prudent monetary measures undertaken by the central bankers enabled the world economies to rebound in 3QCY20, which extended support to equity markets across the world. Therefore, it can be rightly said that both bull and bear phase were witnessed in 2020, that too in a short span of time.   

    Despite tumbling in Mar'20 to a low of 7,511 following COVID-19 led lockdowns, the benchmark Nifty recovered sharply and ending the year with a gain of ~11%. While huge fiscal stimulus announced by the USA and European countries resulted in liquidity sloshing to domestic equities, a record fiscal and monetary support announced by the Government of India and the RBI (~14.6% of GDP) supported the rally. Notably, the FPIs invested ~US$24bn in Indian equities in 2020, which is the highest ever at least in last 20 calendar years.  

    Domestic equities continue to remain buoyant with most key economic indicators showing decent rebound mainly supported by huge stimulus support by the government and sharp recovery in corporate earnings in 2QFY21 (BSE500 earnings improved by ~36%) along with positive outlook shared by most managements. Further, possibility of additional global liquidity to chase the emerging economies including India is also keeping sentiment positive. Further, given depressed real interest scenario, equities will continue to remain as attractive investment options for all categories of investors, in our view. However, the market seems to be ignoring burden on government's book and resultant impact on corporate earnings in the longer run.  As per our analysis, fiscal deficit for FY21 is likely to be ~6.1% – the highest in a decade – that could impede the sustainability of strong earnings recovery, which may start ebbing from 2HFY22E onwards.

    We expect Nifty earnings to grow by 4%, 39% and 20% in FY21E, FY22E and FY23E, respectively. At CMP, Nifty is trading at 20x FY22E earnings, which is ~13% premium to its historical valuation. Thus, assigning 10% premium over its historical P/E valuation, our target for Nifty arrives at 14,900 in 2021."

  • Dec 28, 2020 10:34 (IST)

    Top gainers and losers

    On the Sensex chart, barring HDFC and HCL Tech and HUL, all constituents were trading in the green. NTPC, GAIL, Airtel, IndusInd Bank, SBI, HDFC Bank, Axis Bank werea mong the top gainers today

  • 10:34 IST: On the Sensex chart, barring HDFC and HCL Tech and HUL, all constituents were trading in the green. NTPC, GAIL, Airtel, IndusInd Bank, SBI, HDFC Bank, Axis Bank werea mong the top gainers today

  • Dec 28, 2020 10:25 (IST)

    Six of top-10 firms add Rs 60,198 crore in m-cap

    Six of the top 10 most valued Indian firms together added Rs 60,198.67 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services (TCS) emerging as the biggest winners.

    Reliance Industries Ltd (RIL), TCS, Hindustan Unilever Ltd (HUL), Infosys, Kotak Mahindra Bank and Bharti Airtel were the six winners on the top-10 chart.

    On the other hand, HDFC Bank, HDFC, ICICI Bank and Bajaj Finance witnessed a decline in their market valuation.

    Six of top-10 firms add Rs 60,198 crore in m-cap; Infosys, TCS biggest gainers

  • 10:25 IST: Six of the top 10 most valued Indian firms together added Rs 60,198.67 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services (TCS) emerging as the biggest winners.

    Reliance Industries Ltd (RIL), TCS, Hindustan Unilever Ltd (HUL), Infosys, Kotak Mahindra Bank and Bharti Airtel were the six winners on the top-10 chart.

    On the other hand, HDFC Bank, HDFC, ICICI Bank and Bajaj Finance witnessed a decline in their market valuation.

    Six of top-10 firms add Rs 60,198 crore in m-cap; Infosys, TCS biggest gainers

  • Dec 28, 2020 10:17 (IST)

    Bitcoin sprints over $27,000 mark

    The unprecedented rally in Bitcoin price continues, with the digital currency hitting the $27,647.23 mark on Sunday. This is another milestone after it touched $25,000 on December 25 and $26,000 on December 26. With this meteoric rise, Bitcoin's market value has now exceeded $500 billion, as per Coindesk, a cryptocurrency platform.

    This is more than $460.06 billion m-cap of Visa, the world's biggest financial service company, as per the Companiesmarketcap data. Not only Visa, but Bitcoin is valued more than biggest publicly traded companies like Samsung ($463.63 billion) and Walmart ($406.00 billion), the data shows.

    Bitcoin sprints over $27,000 mark; rises over $2,500 in 2 days

  • 10:17 IST: The unprecedented rally in Bitcoin price continues, with the digital currency hitting the $27,647.23 mark on Sunday. This is another milestone after it touched $25,000 on December 25 and $26,000 on December 26. With this meteoric rise, Bitcoin's market value has now exceeded $500 billion, as per Coindesk, a cryptocurrency platform.

    This is more than $460.06 billion m-cap of Visa, the world's biggest financial service company, as per the Companiesmarketcap data. Not only Visa, but Bitcoin is valued more than biggest publicly traded companies like Samsung ($463.63 billion) and Walmart ($406.00 billion), the data shows.

    Bitcoin sprints over $27,000 mark; rises over $2,500 in 2 days

  • Dec 28, 2020 10:13 (IST)

    Stock market takes a wild ride in 2020

    From the depths of despair to an adrenaline-pumping ascent, equity investors traversed the whole gamut of emotions in 2020 as a once-in-a-lifetime pandemic followed by equally unprecedented stimulus measures whiplashed global stock markets, upended conventional wisdom and blurred the lines between investing and speculation.

    Dalal Street witnessed gut-churning fluctuations, with the BSE Sensex swinging between historic losses and eye-popping gains, sometimes in the same session, and confounded veterans and rookies alike.

    Coronavirus, vaccines and volatility: Stock market takes a wild ride in 2020

  • 10:13 IST: From the depths of despair to an adrenaline-pumping ascent, equity investors traversed the whole gamut of emotions in 2020 as a once-in-a-lifetime pandemic followed by equally unprecedented stimulus measures whiplashed global stock markets, upended conventional wisdom and blurred the lines between investing and speculation.

    Dalal Street witnessed gut-churning fluctuations, with the BSE Sensex swinging between historic losses and eye-popping gains, sometimes in the same session, and confounded veterans and rookies alike.

    Coronavirus, vaccines and volatility: Stock market takes a wild ride in 2020

  • Dec 28, 2020 10:09 (IST)

    Aurobindo stock outlook

    Yash Gupta Equity Research Associate, Angel Broking said,"Aurobindo Pharma and COVAXX Sign an Exclusive Agreement to Develop and Commercialize COVID-19 Vaccine for India and UNICEF. COVAXX’s UB-612 is the first multitope, synthetic peptide-based COVID-19 vaccine candidate in clinical trials and it utilizes normal refrigeration (no freezing required) for distribution Agreement leverages Aurobindo’s existing development, commercial and manufacturing infrastructure Phase 2/3 clinical trials by COVAXX to begin early 1Q 2021 in Asia, Latin America and USA Important step in ensuring equitable access and global supply during worldwide pandemic Aurobindo Pharma Limited and COVAXX, a US-based company, have entered into an Exclusive License Agreement to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children's Fund (UNICEF) agency. COVAXX is currently conducting a Phase 1 clinical trial for the vaccine candidate. This is a very positive development for the company but covaxx is going to take time as the vaccine is in the first phase of clinical trials, vaccine may take 6-9 months for getting final approvals."
     

  • 10:09 IST: Yash Gupta Equity Research Associate, Angel Broking said,"Aurobindo Pharma and COVAXX Sign an Exclusive Agreement to Develop and Commercialize COVID-19 Vaccine for India and UNICEF. COVAXX’s UB-612 is the first multitope, synthetic peptide-based COVID-19 vaccine candidate in clinical trials and it utilizes normal refrigeration (no freezing required) for distribution Agreement leverages Aurobindo’s existing development, commercial and manufacturing infrastructure Phase 2/3 clinical trials by COVAXX to begin early 1Q 2021 in Asia, Latin America and USA Important step in ensuring equitable access and global supply during worldwide pandemic Aurobindo Pharma Limited and COVAXX, a US-based company, have entered into an Exclusive License Agreement to develop, commercialize and manufacture UB-612, the first Multitope Peptide-based Vaccine to fight COVID-19, for India and the United Nations Children's Fund (UNICEF) agency. COVAXX is currently conducting a Phase 1 clinical trial for the vaccine candidate. This is a very positive development for the company but covaxx is going to take time as the vaccine is in the first phase of clinical trials, vaccine may take 6-9 months for getting final approvals."
     

  • Dec 28, 2020 10:05 (IST)

    Market at new highs

    During today's session, Sensex has hit an all-time high of 47,354 and Nifty logged a lifetime high of 13,865.

     

  • 10:05 IST: During today's session, Sensex has hit an all-time high of 47,354 and Nifty logged a lifetime high of 13,865.

     

  • Dec 28, 2020 09:49 (IST)

    Vedanta stock technical outlook

    Yash Gupta Equity Research Associate, Angel Broking said,"Vedanta Ltd stock up by 8% on promoter launch offer to buy upto 4.9%. Vedanta promoter group to raise stake by 5% via block deal with indicative price of 160. After Vedanta ltd promoter had failed to delist Vedanta ltd in October 2020 as not able to receive requisite quantity of share at cutoff price. At the time of delisting the promoter group fixed cutoff price at 87.5 and now via block deal as per the indicative price of 160 which is more than 82% of cut off price. We expect stock to consolidate at these levels, upside will be very limited from current market price as all positive news has been factored in."

     

  • 09:49 IST: Yash Gupta Equity Research Associate, Angel Broking said,"Vedanta Ltd stock up by 8% on promoter launch offer to buy upto 4.9%. Vedanta promoter group to raise stake by 5% via block deal with indicative price of 160. After Vedanta ltd promoter had failed to delist Vedanta ltd in October 2020 as not able to receive requisite quantity of share at cutoff price. At the time of delisting the promoter group fixed cutoff price at 87.5 and now via block deal as per the indicative price of 160 which is more than 82% of cut off price. We expect stock to consolidate at these levels, upside will be very limited from current market price as all positive news has been factored in."

     

  • Dec 28, 2020 09:29 (IST)

    Opening session: Markets opens at record high

    Market indices opened at new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Sensex was rising 274 points higher to 47,247 and Nifty gained by 92 points to 13,841.

  • 09:29 IST: Market indices opened at new record highs on Monday tracking gains in index majors, amid positive cues from global equities. Sensex was rising 274 points higher to 47,247 and Nifty gained by 92 points to 13,841.

  • Dec 28, 2020 09:24 (IST)

    Market outlook

    Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited- Investment Advisor said," The market witnessed the continuation of the strong pullback rally after a big correction that occurred on Monday. While sustaining above 13750 is the key factor from a short-term perspective, A decisive breakout above the zone of 13760-13780 could open the gate for a movement till 13990. The momentum indicators like RSI, MACD indicating a positive outlook to continue and market breadth to improve further after the decisive level breakout of the resistance zone."

  • 09:24 IST:

    Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited- Investment Advisor said," The market witnessed the continuation of the strong pullback rally after a big correction that occurred on Monday. While sustaining above 13750 is the key factor from a short-term perspective, A decisive breakout above the zone of 13760-13780 could open the gate for a movement till 13990. The momentum indicators like RSI, MACD indicating a positive outlook to continue and market breadth to improve further after the decisive level breakout of the resistance zone."

  • Dec 28, 2020 09:22 (IST)

    Global markets

    Geojit Financial said in it note,"  Asian stocks edged higher on Monday as the final trading week of 2020 kicked off. Markets in Australia and New Zealand are closed on Monday for a holiday.

    Profits at Chinese industrial firms in November rose 15.5% as compared with a year earlier, according to data released by the country's National Bureau of Statistics over the weekend.

    In US, the S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend.

    U.S. President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.

    Meanwhile, finally the United Kingdom prime minister Boris Johnson and European Commission president Ursula von der Leyen struck a trade deal on December 24 after hard negotiations for last nine months. The trade agreement contains provisions on several subjects including nuclear energy, fishing, aviation and medicines."


     

  • 09:22 IST: Geojit Financial said in it note,"  Asian stocks edged higher on Monday as the final trading week of 2020 kicked off. Markets in Australia and New Zealand are closed on Monday for a holiday.

    Profits at Chinese industrial firms in November rose 15.5% as compared with a year earlier, according to data released by the country's National Bureau of Statistics over the weekend.

    In US, the S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend.

    U.S. President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign.

    Meanwhile, finally the United Kingdom prime minister Boris Johnson and European Commission president Ursula von der Leyen struck a trade deal on December 24 after hard negotiations for last nine months. The trade agreement contains provisions on several subjects including nuclear energy, fishing, aviation and medicines."


     

  • Dec 28, 2020 09:12 (IST)

    FII action

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,225.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,897.92 crore in the Indian equity market on 24 December, provisional data showed.

     


     

  • 09:12 IST:

    Foreign portfolio investors (FPIs) bought shares worth Rs 1,225.69 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,897.92 crore in the Indian equity market on 24 December, provisional data showed.

     


     

  • Dec 28, 2020 09:03 (IST)

    Last Closing


    Market indices rose sharply and closed at record highs on Thursday, tracking gains in index majors, amid positive cues from global equities. Extending gains for the third straight session, Sensex ended 529 points higher at 46,973 and Nifty gained 148 points to 13,749. During yesterday's session, Sensex has hit an all-time high of 47,053 and Nifty logged a lifetime high of 13,771.

  • 09:03 IST:


    Market indices rose sharply and closed at record highs on Thursday, tracking gains in index majors, amid positive cues from global equities. Extending gains for the third straight session, Sensex ended 529 points higher at 46,973 and Nifty gained 148 points to 13,749. During yesterday's session, Sensex has hit an all-time high of 47,053 and Nifty logged a lifetime high of 13,771.